Is Capital Stock an Asset, Liability, or Equity?
Learn how capital stock is treated as an asset or equity, from the issuing company's equity accounts to how the same shares appear on an investor's books.
What Is a Safe Harbor Matching Contribution: Formulas and Vesting
Learn how safe harbor matching contributions work, from the available formulas and vesting rules to required notices, deadlines, and mid-year changes.
What Is a Revenue Stamp and How Does It Work?
Learn how a revenue stamp confirms a required tax was paid, from tobacco products and property deeds to firearms transfers and wagering activities.
1446(f) Certificate: When Required, Contents, and Agent Duties
Learn how a 1446(f) certificate works, from when a seller must provide one to what it should contain and how withholding agents handle it at closing.
Can an LLC Hire Independent Contractors? Forms, Taxes, and Contracts
Learn how an LLC can hire independent contractors, from properly classifying workers to handling tax paperwork and drafting contracts that hold up.
403(b) Required Minimum Distribution: Rules, Exceptions, Penalties
Learn how the 403(b) required minimum distribution rules work, from when and how withdrawals must be taken to handling inherited accounts and missed RMDs.
What Is K-1 Box 19 Code A? Basis, Taxable Excess, and NIIT
Learn how K-1 Box 19 Code A distributions are taxed, from figuring your adjusted basis to reporting any taxable excess and net investment income tax.
What Are PBC Requests and How Do They Work?
Learn how a PBC request shapes an audit, from the documents and schedules auditors typically ask for to responding well and handling gaps or delays.
Freight-In Account Type, Journal Entries, and COGS Impact
Learn how the freight-in account works, from its classification and journal entries to financial statement placement and inventory tax treatment.
How to Use the IRS Sales Tax Deduction Calculator
Learn how to use the IRS sales tax deduction calculator, from gathering inputs and adding major purchases to comparing options and filing the deduction.